Un-Audited Financial Results (Standalone and Consolidated) of the Company for quarter and nine months ended on December 31, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors approved un-audited financial results for Q3 FY26 and the nine months ended December 31, 2025 on February 6, 2026. Standalone total income surged to Rs. 2,913.84 lakhs in Q3 FY26 from just Rs. 10.85 lakhs in Q3 FY25, with nine-month income rising to Rs. 5,703.18 lakhs versus Rs. 91.42 lakhs in the prior period. The company, formerly Indian Bright Steel Company, has pivoted to manufacturing EV luxury buses, and the new business has clearly scaled up. Standalone net profit stood at Rs. 65.48 lakhs in Q3 FY26, a sharp swing from a loss of Rs. 23.31 lakhs a year ago. Consolidated results were broadly similar with Q3 PAT of Rs. 65.81 lakhs. Auditor R. Bhargava and Associates issued a clean limited review report with no qualifications.
Strong top-line and bottom-line turnaround from a loss-making base reflects the new EV bus business ramping up, which is positive for sentiment. However, the absolute profit levels remain modest, and investors should watch for sustained execution and order book visibility before drawing long-term conclusions.